Finance·Aug 18, 2026
State Funds Exit Kweichow Moutai as Baijiu Giant Faces 40% Stock Decline
Central Huijin and China Securities Finance dropped from top-10 shareholder list as profits slip and valuation pressure mounts
By Cheng Wei-Lun · 4 min ·
Every BriefAsia story tagged State Capital, newest first.

Central Huijin and China Securities Finance dropped from top-10 shareholder list as profits slip and valuation pressure mounts

Three years in, the sovereign fund posted P2.36 billion profit but deployed less than 8% of its P75 billion corpus into actual projects